5 Jim Cramer Stock Picks this Week

4. PacWest Bancorp (NASDAQ:PACW)

Upside Potential: 26.42%
Price target: $11.39

PacWest Bancorp (NASDAQ:PACW) is one of the stocks that was hit hard at the height of the banking crisis at the start of the year. However, the bank holding company appears to have found its foot, and Cramer believes it is a worthy play for the long term.

The bank is currently discussing merging with the Bank of California in an all-stock merger. The combined bank will have the strength and market position to support the banking needs of small and medium-sized businesses. PacWest Bancorp (NASDAQ:PACW) has the potential to rally 26% vroom current levels given its $11.39 average price target on Wall Street.

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